by Brian G. McCoy, CFA, on April 17, 2025
Performance Attribution The first quarter of 2025 presented a more challenging environment for equity markets than initially anticipated. Post-election optimism for lower regulatory bureaucracy and business-favorable policies from the new …
Read Storyby Brian G. McCoy, CFA, on January 15, 2025
Performance Attribution The typical Santa Claus rally of positive returns in the final days of December and the first two of January did not emerge this year, but the final …
Read Storyby Brian G. McCoy, CFA, on October 16, 2024
Performance Attribution As with much of the year so far, investors were fixated during the quarter on two interrelated issues. First, when and by how much the Federal Reserve would …
Read Storyby Brian G. McCoy, CFA, on October 16, 2024
Performance Attribution During the second quarter, markets continued to evaluate evidence that suggests higher interest rates may finally be taking effect as data indicated economic growth continued albeit at a …
Read Storyby Brian G. McCoy, CFA, on April 15, 2024
Performance Attribution The first quarter of 2024 extended equity market gains as the U.S. major indices posted positive returns. As the quarter began, investors seemed to anticipate a moderately expanding …
Read Storyby Brian G. McCoy, CFA, on October 23, 2023
Performance Attribution After two consecutive quarters of solid returns, markets retreated modestly in the latest three-month period as inflation and higher interest rates reset investor perceptions around stock and bond …
Read Storyby Brian G. McCoy, CFA, on July 23, 2023
In the second quarter, equity markets were supported by economic data which continued to indicate a resilient domestic economy despite a historic rise in interest rates driven by the Federal …
Read Storyby Brian G. McCoy, CFA, on April 01, 2023
During the first few weeks of the new year, equity markets rallied as economic data continued to be relatively strong, particularly employment, and corporate results generally remained positive. By the …
Read Storyby Brian G. McCoy, CFA, on January 02, 2023
The close of 2022 could not come fast enough for those of us in the investment profession. The reasons for market declines have been thoroughly covered across all forms of …
Read Storyby Brian G. McCoy, CFA, on October 02, 2022
The macro backdrop has not changed much for investors over the past quarter. Heightened volatility continued to rule the day across all asset classes as inflationary pressures, supply chain challenges, …
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